Flamel Technologies S.A. Downgraded by Zacks to Neutral (FLML)
Flamel Technologies S.A. (NASDAQ:FLML) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Wednesday. They currently have a $16.20 target price on the stock. Zacks‘s price objective suggests a potential upside of 18.16% from the stock’s previous close.
Flamel Technologies S.A. (NASDAQ:FLML) traded up 2.99% during mid-day trading on Wednesday, hitting $14.12. 36,676 shares of the company’s stock traded hands. Flamel Technologies S.A. has a 1-year low of $5.30 and a 1-year high of $15.75. The stock’s 50-day moving average is $14.19 and its 200-day moving average is $12.14. The company’s market cap is $540.3 million.
Flamel Technologies S.A. (NASDAQ:FLML) last released its earnings data on Tuesday, July 29th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.05. The company had revenue of $8.10 million for the quarter, compared to the consensus estimate of $9.92 million. During the same quarter last year, the company posted ($1.29) earnings per share. Analysts expect that Flamel Technologies S.A. will post $-0.28 EPS for the current fiscal year.
Separately, analysts at Leerink Swann initiated coverage on shares of Flamel Technologies S.A. in a research note on Friday, August 1st. They set an “outperform” rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.90.
Flamel Technologies SA has a pipeline of niche specialty pharmaceutical products. The Company’s drug delivery platforms are focused on developing safer, more efficacious formulations of drugs to address unmet medical needs.
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